Learn to Day-Trade the Emini S&P Futures

FOMC Announcement – Dec 17, 2014 Trading Video

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This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.
To Successful Trading,
Good afternoon traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Wednesday, December 17, 2014.
The morning of FOMC announcement I will generally talk about what to expect at the announcement timeframe, which you can see here is a standard pullback and continuation, or what’s called action, reaction, continuation. And with that FOMC operates just a little bit differently. The way the FOMC announcement would operate is a breakout in the intended direction, pull back below the initial starting point for a continuation higher.
What actually happened today? Today, generally we will see a movement from 9:30 until 11:30, we’ll see a burst in one direction and then it will run sideways into the announcement. The opposite happened this morning. We had sideways motion first part of the morning and then we had a little bit of a breakout, pullback, continuation right on up into the announcement itself.
What happened after the announcement? You see this horizontal line right here? This horizontal line was at 2:00, right there around 1985, 1986. Breakout, pullback, continuation. So did price action actually pull back below the initial starting point? It did. Continuation on up into 2010.
Did we even think it was going to make it to 2010? Once you get above 1980 the tendency of the market will be to gravitate towards 2000. Right, 1980 to 2000. Can we make it? That’s 20 points. The market opened up this morning at 1971.50. Can we make it? Well the five day average true range was 35 points. So the answer was yes, we can make it up to 2000. And the stretch was up to this 2009 – 2010 level. 2009 is actually a monthly S1. 2010 was actually a plug number that we calculated in the room. And look where our price action worked its way up to.
I hope that helps for the next FOMC announcement. Have a great evening and I’ll see you in the Shark Den in the morning.
Link to Video and Transcription
The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.